Please answer Problem 10: 4EM, Inc., has Sales of $1,900,000, total assets of $1,460,000, and a...

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Problem 10: 4EM, Inc., has Sales of $1,900,000, total assets of $1,460,000, and a Debt-to-Equity ratio of 1. If its ROE is 18

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Answer 1

Answer #1

Debt-equity ratio=debt/equity

Hence debt=equity

Total assets=Total liabilities+Total equity

1,460,000=equity+equity

Equity=1,460,000/2

=$730,000

ROE=Net income/Equity

Net income =$730,000*18%

=$131400

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Answer 2

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Please answer Problem 10: 4EM, Inc., has Sales of $1,900,000, total assets of $1,460,000, and a...

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Please answer Problem 10: 4EM, Inc., has Sales of $1,900,000, total assets of $1,460,000, and a...

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Please answer Problem 10: 4EM, Inc., has Sales of $1,900,000, total assets of $1,460,000, and a...